Anderson County SC Real Estate Market Report September 28 2014

40 Homes Sold in Anderson County

There were 21 homes in Anderson, 5 in Belton, 1 in Honea Path, 1 in Iva, 1 in Pelzer, 1 in Pendleton, 3 in Piedmont, 2 in Townville and 5 in Williamston reported as sold this week.

36 single family homes, 2 condos, 1 town house and 1 mobile home were reported as sold this week.

The average price of the homes reported sold this week was $143,230.

The median price of the homes reported sold this week was $112,750.

The average days on market was 86.

Remember this is for only 1 week and 40 homes!

Because these statistics are for only one week and all of Anderson County, it may not tell you what is possible for a specific home.

 

Least Expensive Home Reported Sold in Anderson County

The least expensive home reported sold this week was a 1100 SF 2 bedroom 1 bath home on 0.26 acres in the city limits of Anderson. It sold for $8,000 CASH after being on the market for 56 days. Originally hit the market at $14,900.

Located in the 29624 Zip Code and the Westside High, Robert Anderson Middle and Homeland Park Elementary school district per MLS info.

Foreclosure. Looks like an old mill home. Wall furnace and no air conditioning. Needs work but that should be obvious considering the sold price…

After rehab, you could probably rent this home for $450 a month.

 

Most Expensive Home Reported Sold in Anderson County

The most expensive home reported sold this week was a 3905 SF 4 bedroom 4 bath home on 1.11 acres in Anderson. It sold for $377,546 and appears to already be under contract when entered into the MLS.

Located in the 29627 Zip Code and the TL Hanna High, Glenview Middle and Midway Elementary school district per MLS info.

Brand new never lived and under construction so that should help to explain why the home was already under contract when entered into the MLS. Some builders will only enter a home into the MLS after it has gone under contract. This screws up the Days on Market statistics for new homes and makes it appear that new construction is selling much faster than it really is.

All brick 2 story home with 2 story entrance. Master suite has sitting area with fireplace and walk in closet. Screened porch. Attached 2 car garage. Granite counter tops.

 

  Sold Deal of the Week in Anderson County

In my opinion, the best deal of the homes sold this week was a new/never lived in 3048 SF 4 bedroom 2.5 bath home on less than 0.25 acres in Piedmont. It sold for $185,000 after being on the market for 49 days. The seller paid $2500 of the buyer’s closing costs. Originally hit the market at $196,990.

Located in the 29673 Zip Code and the Wren High, Wren Middle and Wren Elementary school district per MLS info.

Great price for a new home in the Wren school district. 2 story foyer, formal living and dining room. Kitchen has granite counter tops, island with sink, walk in pantry. 9 foot ceilings and archways. 2 car attached garage. The only downside I see is the master suite is upstairs.

 

Foreclosures and Short Sales in Anderson County

6 of the homes reported sold this past week were foreclosures.

None of the homes reported sold was a short sale.

Today there are 90 foreclosed homes for sale in Anderson County.

Today there are 26 homes listed as a short sale in Anderson County.

 

Inventory and Absorption Rate in Anderson County

Today there are 1462 homes for sale in Anderson County.

  If homes in Anderson County continue to sell at the same pace and no more homes hit the market, it will take 255 days to sell all the available homes. This statistic is for all homes in Anderson County and based only on this week’s activity.

Depending on the home/location/price range, this may not tell you what is possible or realistic for a specific home! It could be better or worse!

 

New Listings in Anderson County

There were 63 new listings to hit the MLS this week in Anderson County.

  This Week’s Hot New Listing in Anderson County

The best deal in my opinion of this week’s new listings is a 5 bedroom 4 bath home with 4543 SF on 2.48 acres in Anderson. It hit the market at $149,900. Anderson address in the MLS and tax records but I would say this home was in Starr.

Located in the 29624 Zip Code and the Crescent High, Starr-Iva Middle and Starr Elementary school district per MLS info.

Foreclosure. Not sure why it is so cheap because it does not appear to be a complete gut and rehab. Don’t get me wrong, it does need work. Such as replacing the HVAC. 3 car detached garage.

 

Looking Forward
19 homes were reported as going Under Contract (Pending) this week.

Currently there are 228 homes in the MLS with an Under Contract (Pending) status.

 

This is only the basics of what happened last week in Anderson County real estate.

If you have questions about real estate in Upstate South Carolina, please Contact Me!

This report covers what happened for the week ending 9-28-2014 based on information from the Western Upstate Multiple Listing Service for the period 9-21-2014 through 9-28-2014. As always there may have been more closings but the agent has not turned in the closing sheet to the WUAR MLS yet. All this data is from the Western Upstate Association of REALTORS® Multiple Listing Service.

Any snarky or sarcastic comments are from your truly…

 

Check out some of the homes for sale in Anderson County South Carolina:

 
LIST: $650,000
Beds: 6
Baths: 5
Sq. Ft.: N/A
 
LIST: $349,900
Beds: 4
Baths: 3 | 1
Sq. Ft.: N/A
 
LIST: $337,500
Beds: 4
Baths: 2 | 1
Sq. Ft.: N/A
 
LIST: $299,900
Beds: 3
Baths: 3
Sq. Ft.: N/A
 
LIST: $289,900
Beds: 4
Baths: 2 | 1
Sq. Ft.: N/A
 
LIST: $262,000
Beds: 3
Baths: 2 | 1
Sq. Ft.: N/A
 
LIST: $257,000
Beds: 3
Baths: 2 | 1
Sq. Ft.: N/A
 
LIST: $245,000
Beds: 3
Baths: 2
Sq. Ft.: N/A
 
LIST: $184,900
Beds: 3
Baths: 2
Sq. Ft.: N/A
 
LIST: $180,000
Beds: 3
Baths: 2 | 1
Sq. Ft.: N/A
 

Mortgage Rate Update September 6 2014

Freddie Mac mortgage rate chart 9-4-2014

Ahhh Saturday! Which for many people means enjoying the weekend. Or doing some work around the home. But around here, it means it is time to check in on the average mortgage rates reported by Freddie Mac, the MBA and Bankrate.com. Plus I will wrap up … [Continue reading]